Blend Labs took a $19.4 million loss in the second quarter.

Ready Capital sold the MSRs as part of an effort to exit investments in the residential market to put a greater emphasis on commercial loans.

“Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Skylar Olsen, chief economist at Zillow.

The proposal, published by Andrew Davidson, seeks to create a platform where regulators, investors, mortgage servicers and more would share their own data and receive access to the broader pool of data, in an effort that could decrease costs and improve attempts to aggregate mortgage data.

However, denial rates in the GSE automated underwriting services were higher in 2023 for Black and Hispanic applicants...

In recent years, automated systems have gained a growing role in non-QM underwriting to help verify income...

The AI chatbot tool is available now in various languages…

J-T Gaietto, chief operating officer at ConvergentDS, a firm that helps assess cyber risks, said obtaining cybersecurity insurance “isn’t the easiest thing to accomplish.”

It’s the first non-agency MBS with a significant amount of electronic promissory notes, according to Moody’s Investors Service.